Exelon and Pepco Holdings Inc. Reach Settlement Agreement with New Jersey Board of Public Utilities Staff in Proposed Merger

CHICAGO & WASHINGTON, D.C.--(BUSINESS WIRE)--Exelon Corporation (NYSE:EXC) and Pepco Holdings Inc. (NYSE:POM) today announced that they have reached a settlement in the proceeding before the New Jersey Board of Public Utilities (BPU) to review the two companies’ proposed merger, which was announced on April 30, 2014. The settlement, which is subject to the approval of the Commissioners of the BPU, was signed and filed by Exelon and Pepco Holdings, Atlantic City Electric (ACE), BPU staff and the Independent Energy Producers of New Jersey.